The Bitcoin Fund has been listed on the Nasdaq Dubai by 3iQ Corp, Canada’s largest digital asset investment fund manager. The fund is the first of its kind in the Middle East, opening up the affluent region to more BTC investment.
While Bitcoin investors are found worldwide, the opening of The Bitcoin Fund paves the way for new inflows of money from one of the richest areas in the world.
Investors can gain exposure to Bitcoin’s price action by buying units of the fund, and can now transfer units from the Toronto Stock Exchange to Nasdaq Dubai and back as well as acquiring directly on the Nasdaq Dubai. Fund stock traded at $38.40 after launching, 11% higher than the initial reference price of $34.57.
